Friday, January 18, 2013

DailyMarkets.com - Forex Trading: US Consumer Sentiment Data May Boost Dollar

DailyMarkets.com - Forex Trading: US Consumer Sentiment Data May Boost Dollar

Forex Trading: US Consumer Sentiment Data May Boost Dollar

Posted: 17 Jan 2013 11:42 PM PST

US Consumer Sentiment Data May Boost Dollar
A better than expected US Unemployment Claims figure gave the USD a temporary boost yesterday afternoon, before a disappointing manufacturing indicator resulted in the greenback reversing some of its earlier gains. Today, the main pieces of economic news are likely to be the UK Retail Sales and US Prelim UoM Consumer Sentiment figure, set to be released at 9:30 and 14:55 GMT. Better than expected British news is forecasted to result in gains, while … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Debunking The VIX Myth …. Again

Posted: 17 Jan 2013 08:30 PM PST

I've had enough of this and it's now time to again debunk the VIX myth.  This isn't a new campaign of mine and have written about it here before: In Debunking VIX Predictive Value of December 18, 2010, I compared … Continue reading … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Big Tests For Stocks

Posted: 14 Jan 2013 12:51 AM PST

It would be so easy to get bearish on stocks here. Last week, there was lots of buzz in the blogosphere about how investor sentiment had gotten overly bullish, which is contrarian bearish. The AAII sentiment readings have certainly moved into a crowded long region (via Pragmatic Capital):

The blogger Right Side of the Chart also voiced a similar warning, with further analysis showing how stocks have performed in the wake of past crowded long readings:

In addition, EPFR reported that … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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